C91 - Laboratory, Individual Behavior - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:35:16+00:00Do Sunspots Matter? Evidence from an Experimental Study of Bank Runs
https://www.bankofcanada.ca/2014/03/working-paper-2014-12/
A "sunspot" is a variable that has no direct impact on the economy’s fundamental condition, such as preferences, endowments or technologies, but may nonetheless affect economic outcomes through the expectations channel as a coordination device. This paper investigates how people react to sunspots in the context of a bank-run game in a controlled laboratory environment.2014-03-25T14:23:43+00:00enDo Sunspots Matter? Evidence from an Experimental Study of Bank Runs2014-03-25Financial marketsFinancial stabilityWorking Paper 2014-12https://www.bankofcanada.ca/wp-content/uploads/2014/03/wp2014-12.pdfDo Sunspots Matter? Evidence from an Experimental Study of Bank RunsJasmina ArifovicJanet Hua JiangMarch 2014CC9C91C92DD8D80EE5E58GG2G20